Thursday, June 6, 2019
Comtech Telecommunications (CMTL)
Can Comtech Continue the Positive Momentum?
Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
Strong 3Q19 Results. Comtech reported revenue of $170.4 million, adjusted EBITDA of $24 million, GAAP EPS of $0.31, and non-GAAP EPS of $0.42. We were at $163 million, $20.3 million, and $0.21, respectively. Results exceeded management’s expectations. Significantly, business momentum remains positive and the pipeline of opportunities is strong.
Record Backlog.Comtech ended the third quarter with record backlog of $747.1 million. Comtech’s 3Q book-to-bill was 1.94, reflecting strength in…
Get full report on Channelchek desktop.
*Analyst
certification and important disclosures included in full report.
NOTE: investment decisions should not be based upon the content of
this research summary. Proper due diligence is required before
making any investment decision.